Brokers trade at their computer terminals at a stock brokerage firm in Mumbai January 6, 2015. (Photo | Reuters)
Business
Sensex hits all-time high as consumer goods gain
The broader NSE Nifty ended 0.7 per cent higher at 11,084.75, its highest close since Jan. 29, while the BSE Sensex ended up 0.6 per cent at 36,718.6, a record closing level.
Indian shares ended higher on Monday with the benchmark BSE index climbing to a record close, as consumer goods stocks gained after the government cut tax rates on a wide range of items.
The broader NSE Nifty ended 0.7 per cent higher at 11,084.75, its highest close since Jan. 29, while the BSE Sensex ended up 0.6 per cent at 36,718.6, a record closing level.
ITC Ltd ended 3.7 per cent higher after the government kept the cess on cigarettes unchanged during its weekend meeting.
Agrochemicals company UPL Ltd surged 15 per cent after it on Friday it would buy a unit of Platform Specialty Products for $4.2 billion.